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still hopes congress can reach agreement to avoid the so- called fiscal cliff. obama met congressional leaders at the white house on friday to discuss a deal. he said the talks were constructive, but did issue a warning on behalf of the american people, demanding congress take action. >> america wonders why it is that in this town, for some reason, you cannot get stuff done in an organized time table, where everything has to wait till the last minute. we are now of the last minute. in the american people are not going to have any patients for a politically self-inflicted wound to our economy. >> the president said he was modestly optimistic that the january 1 deadline for the fiscal cliff could be averted, but that is contingent on a vote in the senate on a compromise bill, and that will have to get an up or down vote. there is a majority for that, with some tax increases for upper-income people. the question is what level would be acceptable to republicans. more crucial to that is, whatever the senate proposes and passes on to the house, will it be acceptable to the majority of republ
-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. means the world to me. and one of the most important things any parent can do is make sure their kids get active at least 60 minutes each day. studies show that physical activity not only helps kids stay
.com, we asked you if the white house fiscal cliff meeting between obama and congressional leaders, if it was a political stunt or real negotiation. here is how you voted 96% said a political stunt.
is growing as we move closer to the fiscal cliff. president obama met with congressional leaders and bluntly spoke to the nation about what he says must happen before jury one. on capitol hill, what went on behind closed doors today? >> there is still a lot of work to be done by the folks who worked in the building behind me in order to avoid big tax increases, and also a big spending cuts. the countdown is on. three days, zero hours, 54 minutes. we are hearing words of optimism, but also concern. at a press conference, the president said ordinary americans can sort through disagreements. >> the notion that our elected leadership cannot do the same thing is mind-boggling to me. it needs to stop. >> if they come to a good deal, not just one that is forced -- >> of the white house christmas tree a short distance from where the president met with congress, both local residents and people from all over the country -- >> it would be nice if the king to a compromise. >> gave us their take. many worry about the tax increases that could kick in. and they are angry we are four days a out with no deal
offered a slim glimmer of hope on the fiscal cliff solution today. he met with congressional leaders one on one for a last make it or break it negotiation. fox's ed henry takes a look at where things stand just days away from the fiscal cliff. >> timing is we're out of time. we got to do it now. that's why i said the next 24 hours will be very important. >> reporter: with the nation on the verge of the largest tax increase since toward war 2 president obama called congressional leaders to the white house for one last desperate shot at a -- world war ii, president obama called congressional leaders to the white house for one last desperate shot at a deal. some republicans believe the meeting with the president is really just for show. >> when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. >> reporter: democrats insist the president tried for weeks to get an agreement on plan a, a $4 trillion debt deal, and after the failure of speaker john boehner's plan b mr. obama has taken the initiative to bring plan c to the meeting t
to the white house for a late afternoon fiscal cliff meeting which brought the president and congressional leaders together for the first time since november, but it's unclear if it brought country any closer to avoiding the fiscal cliff. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> reporter: the president called the meeting as lawmakers pointed fingers in this high stakes game of chicken. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain have diminished with talk now of a smaller deal that extend bush tax rate for the middle class and extends
's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal cliff mess that congress has left undone. there is a whole lot of other work that our lawmakers should have done this year but did not. i will tell you all about it. and we will be right back copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your
. in washington tonight, a frank in clearly frustrated president obama said he was fed up with the fiscal cliff stalemate. he met with congressional leaders at the white house and announced there is working behind-the-scenes and a bipartisan deal then issued an ultimatum. >> the president spoke after what was viewed as a make or break meeting. saying that the hour for immediate action here is now. >> a high-stakes meeting at the white house. the president sat down with house speaker john boehner and other congressional leaders in hopes of cutting a last-minute deal. >> we have a constructive meeting today. . reid and senator mcconnell are discussing a potential agreement were making get a bipartisan bill out of the senate, into the house, at a timely fashion so we can meet the december 31 deadline. >> we will be working hard to see if we can get there in the next 24 hours. i'm optimistic. >> senate leaders are hoping to come back with a proposal as early as sunday. >> whatever become up with, it will be imperfect. some people will not like it, some will like it less but that is where we are. >>
and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow fell be
at a time with nicoderm cq. >>> three days to go before the nation goes off the fiscal cliff and congressional leaders behind closed doors, both chambers could vote on before then, but who blinks first in these negotiations may have something to do with poll numbers. the latest survey conducted by reute reuters ipso shows the latest negotiations and 27% of americans fault the republicans. 16% blame president obama. just 6% are blaming democrats. according to the same poll 23% blame republicans in congress for the national unemployment number. 16% blame the president. 7% blame democrats and the national unemployment rate right now as of november stands at 7.7%. still to come, what does the failure of speaker boehner come to get his plan b passed to gop mean for his speakership. more ahead in the war room with that, plus old man winter making a big mess around the northeast today. we'll get the latest on what that means for your travel plans. you are watching msnbc, the place for politics, and on this particular saturday the place for snow, as well. [ woman ] ring. ring. progre
>>> on the broadcast tonight, deadlocked, with less than four days until the fiscal cliff deadline. the president summons congressional leaders to the white house. what will it take to get a deal and prevent your taxes from going up? >>> winter blast. we're tracking yet another big storm. tonight, the latest on where it is headed and how it will impact holiday travel. >>> caught in the middle. tonight, hundreds of children and families with shattered dreams. why has the russian government banned adoptions by u.s. citizens? >>> and new revelations about ronald reagan's relationships with two of the most powerful women in the world, the queen and margaret thatcher in documents released three decades later. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening, i'm natalie morales in tonight for brian. it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a se
. >> the president says he's optimistic, congressional leaders promise avivement why the fiscal cliff compromise will be a cliff hanger. >> and a step back in time. how you can buy a piece of the past from your favorite ride. >> grieve, i'm elizabeth cook. >> a man and child pull from the waters and sadly, neither survived. the coast gash got the call of two people in the warter near point bonita. alyssa is there. >> reporter: the bodies were taken to fort baker. the man and young boy were at black sands beach. known for it's beautiful views of the city and treacherous surf. this stretch of coastline in sausalito is where a man and child were swept to sea and drowned. they were found floating under the golden gate bridge. late this afternoon, around 4:00, a third person who was taken out by the waves was able to get out of the surf and call 911. >> rescue united arrived and recovered two bodies, one male adult and one child. >> reporter: the water, a chilly 53 degrees. there was a high surf advisory. the beach is popular for fishing and picnics an it is dangerous with steep paths an rocks. it wa
from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hou
america off the fiscal cliff. let's go to capitol hill fox news chief congressional correspondent mike emanuel live with the latest. >> we are heading into a critical weekend as a final push is made to keep the u.s. economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very
as the fiscal cliff. today, the president met with congressional leaders at the white house, but the action is now in the u.s. senate, where the republican and democratic leaders are trying to find some sort of compromise. but if they can't, the president is insisting on an up and down vote on his plan in both the house and senate. the vote in the news room tonight was to have gary nurenberg fill us in. gary? >> reporter: derek, how absurd is this? almost no one wants the country to see that combination of huge spending cuts and tax increases, but month after month after month, congress has been unable to cut a deal to avoid them. how absurd is this? so absurd the president is quoting yogi berra to describe it. >> this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything has to wait until the last minute. we're now at the last minute. >> reporter: the president spoke after a meeting where republican and democratic senate leaders agreed to try to find a solution. >> we're out of town. we've
-minute deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today, trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousne
and counting until we hit the fiscal cliff. the latest on today's talks on capitol hill. sigolo >> catherine: 4 days left until the fiscal president obama says he is "modestly optimistic" that a the fiscal cliff.. he met with congressional leaders at the white house today. calling the meeting 'good and constructive. update.saying people just don't understand in just a couple of days people's paychecks are going to be considerably smaller and that would be the wrong the thing to do for our economy and middle- class families and bad for businesses that depend on family spending. >> catherine: if there's no deal by midnight on the 31st. a series of tax hikes and spending cuts will automatically kick in. our political analyst michael yaki is here. we are getting a little bit of the detail what are you hearing? >> the latest news is that they are coalescing around a tax increase only of $400,000 in income. there will also patch the and, and haggling on the estate tax. and possibly the fix for doctor's reimbursement for senior medical services. for medicare. and extending unemployment benefits and al
off the fiscal cliff.. with the deadline just 4- days away. the president and congressional leaders met at the white house for more talks. stacey cohan has the latest. >> president obama is saying that he is out of patience and he is urging congress to do its job. i >> what ever we come up with, it is not going to be perfect and did not everybody is going to like it. >> house speaker john peter does not want to bring anything to congress until it is passed by the house. those tax cuts are expected to expire house speaker john boehner does not want to bring anything until it is passed by the house. >> these everyday workers are going to be paying the price for all of not being able to get anything done. >> catherine: after a break in the rain.yet another round is this is a live look at conditions in san on van ness avenue. i'm in the weather center with jacqueline - who has been tracking this latest >> jacqueline: it has been a bit deceiving. but we are finally seeing rain hit the coast. half moon bay in the last one hour and a san francisco probably seen some sprinkles right now as
'reilly. thanks for watching us. our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is stil
the fiscal cliff.. with the deadline just 4- days away. the president and congressional leaders met at the white house for more talks. stacey cohan has the latest. >> reporter: president obama says that he and the nation are out of patience. he is urging congressional leaders to make an agreement. >> if an agreement is not made soon between which mcconnell and house speaker, john boehner i will perch read to bring in agreement that will protect the middle-class. >> reporter: with a high- stakes meeting they seem poised to work towards a solution. >> we are going to work hard to see if we can get there in the next 24 hours. i am hopeful. >> i am going to do everything i can in my power. what ever we come up with is not going to be perfect. some people are not going to like it. >> reporter: senate majority leader reed says that there were hoping not to have to meet on saturday and house speaker, john boehner will not bring anything until it is passed by the senate. however, if nothing is done unemployment benefits will expire payroll deduction will not be continued. >> if there are di
. as for the fiscal cliff, congressional leaders met with the president friday. afterwards, both the house and senate return for work and outstanding legislator business including the fiscal clef on sunday. live at 2:00 on c-span with the votes as early as 6:30. that is live on c-span 2. coming up, a discussion on the nasa budget and mission. >> there are cynics who say it party platform is something nobody bothers to read and does not amount to much. whether it is different this time than ever before, i believe the republican party has a platform that is a banner of a bold, unmistakable colors with the pastel shades. >> you see the evaluation of ronald reagan, his mind, his philosophy. he talks about hope and about the future without nuclear weapons in america. it is a more progressive, more optimistic view of the world than in 1976. you can see his anti communism is evolving, his cultural view is eek balding. he has not yet been gained or acquired the tax cut philosophy that it's so nicely into his optimistic outlooks of empowering individuals. >> saturday night, craig shirley on the campaigns of r
satellite corp. 2012] >> coming up, "the communicators." later, a look at the fiscal cliff with joseph rosenberg of the tax policy center. >> i like the congressional hearings, i like all the stuff about the educational stuff, all the policy-making situations. i think it is a great thing the washington, d.c. has all these things and c-span covers these. >> c-span, created in 1979 as a public service. >> james glanz is an investigative reporter with the "new york times." mr. glanz, what is an internet datacenter? >> it is a place where all the information you sent out from your communicatocomputer or mobe goes into process and storage. >> how big are these centers? >> there actually colossal. their colossal in the amount of electricity they use. some use as much electricity as a medium-sized town. it is a very secretive industry. they tend to be hiding in plain sight. littlees you'll see diesel generators on the side. those are backup power supplies. and it is a data center. >> were those located at the road they're all over the place. they're in high rises in cities, in greenfield site
said he is fed up with the fiscal cliff stale mate. he met with congressional leaders at the white house and announced there's work behind the scenes on a bipartisan deal and enissues an ultimatum. here's sally kidd with the latest. >> president sat down with john boehner and other congressional leaders in hopes of cutting a last minute deal. >> we had a constructive meeting today. senators reed and mcconnell are discussing a potential agreement where we get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. >> we'll be working hard to see if we can try to get there in the next 24 hours. so i'm hopeful and optimistic. >> senate leaders say they're hoping to come back with a proposal as early as sunday. >> whatever we come up with will be imperfect. some people aren't gonna like it. some people will like it less but that's where we are. >> the president said if agreement isn't reached by the deadline, he will urge the senate majority leader to hold a vote on a basic package, one that ensures taxes don't rison
on what could happen as the fiscal cliff counts down. i want bring in the senior congressional reporter in politico. it's clear from what was said yesterday, that he believes that the senate leaders can put together a deal. take a listen. >> i just had a good and constructive discussion here at the white house with the senator and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that could pass both houses in time. >> what had to happen behind the scenes? what had to transpire in the room for the president to express any optimism that a deal could be made? >> i think it was positive sounds by mitch mcconnell. the senator minority leader wants a deal. he knows in the new year, it will be harder to get a deal to the republican likings if it goes over the cliff. the republicans will suffer a bigger amount of the blame and there will be more democrats in congress in the next two years and at that point, it will be harder to shape a deal how they want it to be shaped. so mcconnell wants a deal. they are neg
obama continues to place the blame on congressional leaders for the looming fiscal cliff disaster. the president seems to be he okay with this happening. why? because if obama stood up and showed real leadership there be consequences for him. this could impact the radical agenda he plans to put forth in a second term. senator john kerry awaits his confirmation hearings to begin and republicans are saying not so fast and demanding current secretary of state hillary clinton testify on benghazi before any confirmation hearings begin. joining me with reaction to all this and much more is former new mexico governor bill richardson. thanks for being with us. happy new year. >> thank you, sean. >> sean: governor, we have actually been friendly over the years. you and i have gotten along. i remember i have been out to your estate and you have is been gracious enough to be nice to me over the years. i look at you as somebody that cared about your state and country and worked very hard. if we are now on the brink as a country and americans and businesses have no idea what their taxes going
falling off the fiscal cliff president arnold palmer took a mini break from the golf schedule to summon congressional leaders to the white house. a last minute mini deal could be struck before the end of the year that would preserve tax cuts for the middle class and preserve unemployment benefits. the president raced to the microphones and said the following after this meeting. watch. >> i just had a good and constructive discussion here at the wows with senate and house leadership about how to prevent this tax hike on the middle class and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> sean: here is what you need to remember. number one, the whole fed iasco was totally and completely avoidable. number two, senate democrats have not fulfilled their constitutional duty to pass a budget in over three long years. over 13 hyundais. their obsession has been and continues to be ruthless politics over doing what is right for you, the american people. now, number three, not
to keep the fiscal cliff.. with the deadline just three-days away. the president and congressional leaders met at the white house for more talks. stacey cohan has the latest. >> if an agreement is not reached in time. and senator mitch mcconnell i will urge senator reid to to bring a floor to a package for a vote one that will protect the middle class. >> following this high- stakes meeting they appear poised to work towards a solution. >> we are going to work hard to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> i am hopeful that pitch mcconnell can do the same but everybody, what ever we come up with. some people are not going to like it. some people will like it even less but that is where we are. >> they wanted to negotiate with house speaker jon peters said that he is not going to bring anything to a vote until it has passed the senate. nearly every american will see a tax increase. and unemployment benefits will expire for millions. >> ordinary people do their jobs and meet deadlines. they sit down and they discuss things and things happen. if there ar
leaders left the white house today without a deal to avoid the fiscal cliff. but the leaders and the president are still trying. >> i'm modestly optimistic that an agreement can be achieved. let's make sure that middle class families and the american economy and in fact the world economy isn't adversely impacted because people can't do their jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass both chambers of congress. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wil
the weekend off. i'm t.j. holmes. three days to avoid going over the fiscal cliff. a deadline that has washington on edge. really, all of us on edge. after meeting with congressional leaders yesterday, president obama compared the standoff on capitol hill to how average americans handle conflict. >> americans don't have any patience. ordinary folks to their jobs, they meet deadlines, they sit down and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. it needs to stop. >> only if. kristen welker at the white house. good morning to you. a lot happening in d.c. a lot happening on capitol hill i assume, a lot happening at the white house as well. >> it sure is, good morning, it j. all eyes on the senate right now. minority leader mitch mcconnell and majority leader harry reid try to cobble together a last minute deal to avoid the fiscal cliff. this on the heels of the meeting that happened at the white house. and top congressional leaders met f
to strike a fiscal cliff deal before it's too late. so far, though, neither side have put forward a deal that will pass both houses. so what will it take to get members lined up behind a yes vote, kelly? >> kelly: might be a prayer. >> heather: do you have a plan? >> kelly: how about a prayer. and before you count down to 2013, you may want to break out some champagne and st. sparkling wine. "consumer reports" is here with the best bubbly for your buck with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying act
facing a crippling fiscal cliff in just three days, the president calls congressional leaders together and says, you fix it. no, he doesn't offer any new plan from the white house, no compromise. instead the president tells the senate to come up with a deal and the same senate that hasn't passed a budget in years. and the marks don't like it at all, 158 points now tanking and falling further in the after market and we'll have to see how asia opens on monday. it could be ugly. the headlines are falling fast and furious. we're all over it "the kudlow report" starts right now. >>> welcome. i'm michelle caruso-cabrera in for larry kudlow. a lot happened in just the last couple of hours. >> michelle, there's considerably more optimism after the white house meeting between the president and the four bipartisan leaders than there was earlier in the day. mitch mcconnell and harry reid say they're going to come out and try to hammer out a bipartisan deal that can pass the senate with enough republican votes to convince the house to act and even president obama who had been concerned that they w
leaders met face to face for the first time in weeks, in a last-ditch effort to avert the fiscal cliff. good evening, i'm jeffrey brown. >> warner: and i'm margaret warner. on the "newshour" tonight, we have the latest on the chances for a breakthrough-- just four days before automatic tax hikes and spending cuts hit. >> brown: then, we turn to india. ray suarez looks at the violent protests and public anger sparked by the gang rape of a young woman. >> warner: john merrow has the story of a group of california charter schools that aim to be the model-ts of education. >> america has lots of terrific schools. people open great schools every year, but they typically open just one. nobody has figured out how to mass produce high quality, cost effective schools. >> brown: we remember general norman schwarzkopf-- the man who commanded american-led forces in the persian gulf war known as "desert storm." >> warner: plus, mark shields and david brooks analyze the week's news. >> brown: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: >> supp
over the fiscal cliff, the u.s. can go back into recession. did anybody think about the ramifications like these tax cuts, these tax cuts and all this spending going on? >> well, i think that the question is, you know, how do we pay for the tax cuts. and i think there are reasonable ways to do so. it just seems that our friends on capitol hill on both sides of the aisle have a difficulty in, you know, making necessary -- making necessary spending reductions to enable progrowth policies to persist. and that's an unfortunate thing. yeah, look, this was -- i heard a previous guest say this was a deal with the devil because it, you know, because it -- you got tax cuts now for ten years and a date certain for when they would go away. that's true, but we thought we were dealing with adult policy makers in washington and we thought that people would do the right thing with respect to fiscal policy. look, we wouldn't be in this circumstance, you know, president obama actually extended these tax cuts with the intent that washington would take a more reasonable look at how we can phase in fisca
-called fiscal cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where the talks stand. >> reporter: good evening. sources close to the talks say there is more pessimism tonight with democrats and republicans still unable to reach a compromise, particularly over the issue of taxes. but senate negotiators aren't giving up. they're still hopeful for a breakthrough before that all important tuesday deadline. with time running out, key staffers huddled behind closed doors against the backdrop of a snowy capitol trying to hammer out a last-minute deal. in his weekly address, president obama pushed lawmakers to act. >> we cannot let washington politics get in the
the fiscal cliff. i've got tens of thousands of federal employees and a great deal of defense spending would be at risk. so if we don't suspend the sequester and it looks like this very small deal may not even achieve that, then i'd have to be a "no" vote. so if i had to guess right now, i don't think we're going to be able to reach a deal no matter how small it might be. of course, at the very best, all we would do is stumble forward for a couple more months until we hit the debt ceiling and then face another crisis which is really a crisis of confidence in the government. i just can't imagine that the american people can tolerate this much longer, but they're stuck with this congress for the next two years. i mean, i have a lot of thoughts on this fiscal cliff but you wanted to talk about the gun measure, and -- >> i do indeed. >> life has to go on. >> we had that provocative phrasing that it appeared the nra may be out of step with its own membership. do you really believe that? >> yes, i do, martin. frank luntz, a republican pollster polled nra members and he found that there are at leas
is scheduled to go off the so-called fiscal cliff. but there are some signs of compromise this morning. cbs reporter danielle nottingham on what both sides are now saying about that looming deadline. >>reporter: top congressional leaders met with president obama at the white house, trying to avoid the automatic tax hikes and spending cuts set to kick in january 1st. the president called the meeting constructive, but reminded lawmakers there's not much time left. >> we're now at the point where in just four days every americans' tax rates are scheduled to go up by law. >>reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation. >> we're going to do the best we can for the congresses we have and for the country that's waiting for us to make a decision. >>reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases, but
they can send to the house tomorrow to avoid the fiscal cliff. lisa stark has the latest. >> there is nothing like a deadline to force action. the president met with congressional leaders for the first time in six weeks and then proclaimed himself modestly optimistic. >> they are watching what we are doing here. their patience is always thin. >> with the clock running out. democratic and republican leaders in the senate will spend today trying to hash out a bipartisan agreement. >> i'm hopeful and optimistic. >> it's clear whatever happens there is no time for a grand bargain on the even tougher issues cutting spending and raising the debt ceiling. >> we're going to end up with a small, kick the can down the road bill that creates another fiscal cliff to deal with this if physical kliof. how irresponsible is that? >> and stock market burns, dropping for the fifth straight day. >> there is america and they should be working for the american people. >> parties are dying to outdo each other. >> get in the room and don't come out of that room until you have taken care of. >>
a potential compromise to avoid the fiscal cliff. mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no deal, taxes will go up next week for most americans. there will be sharp spending cuts and 2 million people will lose their extended unemployment benefits. >>> on "meet the press" this sunday, president obama will sit down for an exclusive interview with david gregory as the fiscal cliff deadline approaches. watch the interview this sunday morning at 10:30 here on nbc 4. >>> a huge turnout at the what's called the nation's gun show in shantilly, virginia, today. thousands of people attended. some vendors sold out. it is marred by controversy following the shooting at sand
.com. captions by: caption colorado comments@captioncolorado.com >> glor: tonight, fiscal cliff hanger. >> the hour for immediate action >> here. it is now. >> glor: president obama speaks to the nation after speaking with congressional leaders. reports from major garrett and .ancy cordes. elaine quijano on the family heartbreak after russia's president bans all adoptions to americans. >> we ask president putin, please, can he set an alternate means but don't let me children suffer. >> glor: he met saddam hussein and made it look easy. david martin on the death of general norman schwarzkopf and what the world did not know thout him. and "on the road" with steve hartman as a man tries to save his wife of 56 years. an unusual request that gets a unrprising response. >> got two of them and i only need one. captioning sponsored by cbs
steps away from the fiscal cliff. the automatic tax increases and spending cuts kick in january 1 unless lawmakers find some common ground. cbs reporter danielle nottingham on what both sides are saying about the looming deadline. >> reporter: congressional leaders met with president obama at the white house, trying to avoid the automatic tax hikes and spending cuts set to kick in january 1. the president reminded lawmakers there's not much time left. >> we're now at the point where, in just four days, every american's tax rates are scheduled to go up by law. >> reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in hopes that we can come forward as early as sunday and have a recommendation. >> we're gonna do the best we can for the caucuses we have and the country that's waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases. but the income threshol
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